SLW – Silver Wheaton (Last:33.15)

We hold a long-term position of 800 shares with an adjusted cost basis of 13.07.  I’d raised the prospect earlier of doing some covered writes if and when a Hidden Pivot target above $28 is reached, but we’ll put that plan on hold for now, since, like Silver itself, the stock looks to be consolidating for a shot at something bigger. ______  UPDATE (Sunday night, November 7):  SLW has shown such pluck blowing past a clear Hidden Pivot resistance at 32.95 (60m, A=26.07, B=30.27) that we’ll let our profits — currenly $16,000 on paper — run some more before we try covered-writing the stock.